Maharashtra State Power Generation Company Limited (MSPGCL) has invited request for proposal (RfP) bids for the implementation of 750 MW of grid-interactive solar PV power plants at various locations in the state. As per the tender document, MSPGCL has given a “greenshoe” option wherein the project developer can produce an extra 250 MW of solar power at the lowest quoted tariff. MSPGCL has fixed Rs 3.25 per kWh as the ceiling tariff for the tender. A single bidder can bid for the entire tendered capacity. To be eligible for bidding, a bidder has to bid for a minimum project size of 2 MW at a single location. In addition, all bidders will have to identify the land required for their projects at a distance of 3 km from a substation. MSPGCL has also provided a list of substations for bidders. MSPGCL will sign PPAs for 25 years with successful bidders at the tariff rate discovered through the reverse bidding.